Ex-CEO of BetOnSports pleads guilty

[aceduecetrey]

If he's getting 3 year and Not 20+ you know he has to give "Detail's"

First off. they don't want him...they never really wanted Carruthers.IMO

They wanted and Now Have Kaplan !

Even with a Local Bust, sure they want as many guys as they can get.
Clerks, Runners, Agents, etc....
But it's always the "Boss" Owner that they Really want.

Oh, Plus $$$$$$$$$

So you think he is ratting out Kaplan?

 

[whalewager]

if he got less than 3 as opposed to 20...what do you think?

my guess is yes...

he rolled on everyone...

does this mean he could actually get out in less than the 33 months?

 

[offshoresports]

if he got less than 3 as opposed to 20...what do you think?

my guess is yes...

he rolled on everyone...

does this mean he could actually get out in less than the 33 months?

Of course, the guy has been on house arrest for two years now and he's an English national. It amazes me how much of a hard on they have for him when at the same time they let Dick roll. The feds needed him to build the case simple as that. It all adds up.

 

[Betallsports]

if he got less than 3 as opposed to 20...what do you think?

my guess is yes...

he rolled on everyone...

does this mean he could actually get out in less than the 33 months?

Yes, 2/3 of the 33 months, if he's a good boy :grandmais

 

[Betallsports]

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[FONT=Arial, Helvetica, sans-serif][FONT=Verdana, Arial, Helvetica, sans-serif]UNITED STATES ATTORNEY'S OFFICE[/FONT][/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]
EASTERN DISTRICT OF MISSOURI[/FONT]
[FONT=Arial, Helvetica, sans-serif][FONT=Verdana, Arial, Helvetica, sans-serif]CATHERINE L. HANAWAY
United States Attorney[/FONT]
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[FONT=Verdana, Arial, Helvetica, sans-serif]NEWS RELEASE[/FONT]​

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[FONT=Georgia, Times New Roman, Times, serif]For further information: Call Public Affairs Officer Jan Diltz at (314) 539-7719[/FONT]​

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<!-- #BeginEditable "BODY" -->[FONT=Verdana, Arial, Helvetica, sans-serif]April 1, 2009
For Immediate Release[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]FORMER DIRECTOR & CEO OF BETONSPORTS PLEADS GUILTY TO FEDERAL RACKETEERING CHARGES [/FONT]​

[FONT=Verdana, Arial, Helvetica, sans-serif]St. Louis, MO: David Carruthers pleaded guilty to a racketeering conspiracy that resulted in a loss of between $7 million and $20 million and involved more than 250 victims, United States Attorney Catherine L. Hanaway announced today.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]"Illegal sports gambling across state and international borders by telephone or internet is a crime," said Hanaway. "Misuse of the Internet to violate the law can ultimately only serve to harm legitimate businesses." [/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]Carruthers, a citizen of the United Kingdom, was hired by Gary Kaplan in approximately June 2000, as CEO of BetonSports.com, an existing sportsbook organization based in Costa Rica. Carruthers agreed to conduct the enterprise through a pattern of racketeering acts, including repeated mail fraud, Wire Wager Act violations, operation of an illegal gambling business and money laundering. He also developed BetonSports to the extent that it could be publicly offered for sale on the AIM, a market operated by the London Stock Exchange. In July, 2004, David Carruthers began serving as a Director of BetonSports, PLC.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]In furtherance of the conspiracy, members of the BetonSports organization made false representations to the targets of its advertising campaigns and customers by:[/FONT]

1. [FONT=Verdana, Arial, Helvetica, sans-serif]Creating and disseminating advertising throughout the United States which represented that its Internet and telephone gambling operations were legal and licensed. They failed to disclose known material facts, namely that the United States government and most state governments viewed such operations as illegal, and that they did not have a license to operate legally anywhere in the United States.[/FONT]
2. [FONT=Verdana, Arial, Helvetica, sans-serif]Representing to potential customers that money transferred by them to BetonSports on account was safe and readily available to be withdrawn at anytime. BetonSports was actually using the funds to support and expand its operations, including the purchase of Easybets. When BetonSports ceased operations in July 2006, it could not repay its customers over $16,000,000 held on account.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]"BetonSports was a very large and diverse operation. While BetonSports operated offshore, their illegal activities were not outside the long arm of the law. This plea is a significant step in the Government's efforts to end the proliferation of US-facing offshore sportsbooks," said John Gillies, FBI Special Agent in Charge-St. Louis Office.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]"Gambling is not a victimless crime, especially when the internet is used with its global reach," said Toni Weirauch, Special Agent in Charge of IRS-Criminal Investigation. "IRS has focused its attention on offshore activities through the enforcement of tax, money laundering and other related financial criminal statutes within its jurisdiction."[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]DAVID CARRUTHERS, pled guilty before United States District Judge Carol E. Jackson. He now faces a maximum penalty of 20 years in prison and/or fines up to $250,000. Sentencing has been set for October 2, 2009.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]Gary Stephen Kaplan is charged with numerous felony violations of federal laws including: the Wire Act, Racketeer Influenced and Corrupt Organizations (RICO) Conspiracy, mail fraud and interstate transportation of gambling paraphernalia. He and four co-defendants are facing trial in September 2009.

Hanaway commended the work performed on the case by the Federal Bureau of Investigation, Internal Revenue Service-Criminal Investigation and the Chesterfield Police Department. Assistant United States Attorneys Steve Holtshouser, Steven Muchnick and John Bodenhausen, and Special Assistant United States Attorney Charles Birmingham are handling the case for the U.S. Attorney’s Office.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]The charges set forth in an indictment are merely accusations, and the remaining defendants are presumed innocent until and unless proven guilty.
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[SportSavant]

pathetic...

tax dollars at works

 

[whalewager]

what do you mean pathetic?

 

[SportSavant]

i think there are bigger fish to fry right now, thats all.

 

[offshoresports]

Totally pathetic.

 

[aceduecetrey]

All I am saying is when someone "cooperates" with the Feds, does not really necessarily mean that he s "ratting" out everyone and also it could be that Kaplan is a guy who might deserve to be "ratted" on.